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March 15, 2012

Ecova Named Company to Watch by Groom Energy

By Oliver VanDervoort

Contributing Writer

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While Green Energy has been vilified a little bit over the last year or so, there are still plenty of companies that see the value of continuing to work in that particular field. Ecova is one company that has not only continued their work undaunted, but has managed to continue to be a leader in the field. Ecova has actually been such a promising company in so many of the green energy initiatives that they were recently named one of the companies to watch in a new report issued by Groom Energy.

Ecova is actually one of ten companies that are being called the world’s top smart energy companies in the new report, titled “The Enterprise Smart Grid -- a Corporate Buyer’s Guide for Energy Management Software” is an extensive report that was completed by interviewing 65 different corporate energy, facility as well as sustainability managers and vendors that offer enterprise smart grid related technologies. Groom says that this particular sector of the business tech sector is incredibly lucrative, being worth $5.2 billion and that this particular sector has grown by almost 40 percent over the last few years.

Companies that made the list were selected by determining whether they fulfilled a host of different needs including innovation, customer proof points and strong market momentum. Jeff Heggedahl, CEO of Ecova was pleased that his company made an impressive list saying, “Being included in the Groom report is an honor, particularly as the research was developed from the point of view of the enterprise client. This is how Ecova thinks about energy management as well; we are excited about the focus on the role of the utility in energy management, as we see this as a key differentiation for Ecova and our clients.”

While Ecova has been making strides over the last few years, it has really just been the last six months that the company has taken huge steps in order to deepen its abilities to supply its clients with innovative technology. Ecova acquired Prenova in November 2011 and then went on to purchase LPB Energy Management in January of this year in order to upgrade its facilities and capabilities.